Tag: renminbi

2016 looks like the year in which renminbi became well and truly established as an international currency. In an article for leading treasury magazine, GTNews, Barbara Herbert, Commerzbank’s renminbi expert, and Michael Rugilo, the bank’s Asia expert, delve into the reasons behind the currency’s corporate uptake. In the article, ‘The rise and rise of renminbi’, the …

From October, the Chinese renminbi (RMB) is included in the special drawing rights (SDR) – the basket of currencies used by the International Monetary Fund (IMF) as a reserve currency – an acknowledgement of China’s remarkable growth in recent years. As the first emerging market currency added to the SDR basket, the longer-term structural implications …

The global transaction banking landscape continues to transform at an astonishing rate, with developments in technology, shifting trade corridors and economic influence, and new regulatory demands all contributing to a trade arena that is undergoing significant change. At a BNY Mellon-hosted roundtable in Verona, GTR magazine sat down with a number of Italian banks to …

As RMB gains traction as a world currency, the opportunities for cross-border trade with China and within Asia continue to grow. But in the light of recent media coverage of a devaluing currency and slowing Chinese growth, what can corporations do to secure and advance their trade operations using RMB? Barbara Herbert, renminbi specialist and Michael …